Stock Market Kerala
January 22, 2025 at 11:09 AM
[4:38 pm, 22/1/2025] Jamsheer Smk: POST MARKET REPORT The Indian stock market plunged to a six-month low amid volatility. Foreign institutional investor (FII) selling continued to weigh heavily on the markets, with frontline indices losing 1-2%. BSE-listed companies collectively erased ₹7 lakh crore in market capitalisation, highlighting the depth of the sell-off. Sectoral indices ended deep in the red, with the realty index emerging as the worst performer, dropping 4%. The Nifty Bank declined by 780 points to close at 48,571, while the midcap index tumbled 1,271 points to 53,835, underscoring the market-wide rout. Several stocks faced intense selling pressure amid disappointing earnings and valuation concerns. Zomato, MCX, Oberoi, and Dixon Technologies each fell 10-15%. Weak commentary dragged Zomato down by over 10%, while new-age stocks such as Paytm, Delhivery, and Swiggy also faced an all-around fall of 5-8%. Trent slipped below key moving averages. All sectoral indices end in the red, with realty being the top losing index, down 4%. Apollo Hospital gains in a weak market on a positive brokerage note, up 2%. Oil marketing companies gain tracking crude movement; HPCL rises nearly 3%. Weak commentary weighs on Zomato; the stock falls more than 10%. New-age stocks see an all-round fall; Paytm, Delhivery, and Swiggy decline 5-8%. Trent slips below key moving averages; the stock is the biggest [4:39 pm, 22/1/2025] Jamsheer Smk: POST MARKET REPORT The Indian stock market plunged to a six-month low amid volatility. Foreign institutional investor (FII) selling continued to weigh heavily on the markets, with frontline indices losing 1-2%. BSE-listed companies collectively erased ₹7 lakh crore in market capitalisation, highlighting the depth of the sell-off. Sectoral indices ended deep in the red, with the realty index emerging as the worst performer, dropping 4%. The Nifty Bank declined by 780 points to close at 48,571, while the midcap index tumbled 1,271 points to 53,835, underscoring the market-wide rout. Several stocks faced intense selling pressure amid disappointing earnings and valuation concerns. Zomato, MCX, Oberoi, and Dixon Technologies each fell 10-15%. Weak commentary dragged Zomato down by over 10%, while new-age stocks such as Paytm, Delhivery, and Swiggy also faced an all-around fall of 5-8%. Trent slipped below key moving averages. All sectoral indices end in the red, with realty being the top losing index, down 4%. Apollo Hospital gains in a weak market on a positive brokerage note, up 2%. Oil marketing companies gain tracking crude movement; HPCL rises nearly 3%. Weak commentary weighs on Zomato; the stock falls more than 10%. New-age stocks see an all-round fall; Paytm, Delhivery, and Swiggy decline 5-8%. Trent slips below key moving averages; the stock is the biggest Nifty loser this month. Dixon Tech crashes 14% as brokerages find valuations rich
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